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January 6, 2020

Federal Reserve last month saw a declining risk of recession

  • Officials noted that the U.S. economy was “showing resilience” despite the trade fights and a weak global economy.
    • By CHRISTOPHER RUGABER
    AP Economics Writer

    WASHINGTON — The Federal Reserve's policymaking committee saw much less risk of recession at its meeting last month, when it kept interest rates steady after three straight cuts and signaled that it expected to keep low rates unchanged through this year.

    Minutes of the December meeting, released Friday, showed that Fed officials favored keeping rates in a low range of 1.5% to 1.75% to cushion the U.S. economy from slow global growth and the Trump administration's trade conflicts. Officials were also concerned that inflation still hadn't reached the Fed's target level of 2%.


     
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